The global outdoor sports apparel market is analyzed based on its prospect and future growth rate. The report highlights numerous factors that influence the growth of the outdoor sports apparel market. These include market forecast, drivers, restraints, opportunities, and role of different key players operating in the market. The report is analyzed for outdoor sports apparel by mode of sale such as retail stores, supermarkets, discount stores, brand outlets, and online stores. Moreover, it focuses on the end user segment, which includes men, women, and kids. Furthermore, it includes the revenue generated from the sales of outdoor sports apparel across North America, Europe, Asia-Pacific, and LAMEA.

上周，SW 纺织服装板块下跌 3.61%，沪深 300 下跌 1.5%。目前SW 纺织服装 PE 为 18.41 倍，略低于近 1 年均值。本周涨幅前 3 的纺织服装公司分别为：华孚时尚（+9.58%）、森马服饰（+5.99%）、欣龙控股（+5.06%)，跌幅前 3 分别为：浔兴股份（-30.3%）、嘉欣丝绸（-19.59%）、柏堡龙（-16.88%）。 

本周中信纺织服装指数下跌 3.90%，其中纺织制造和品牌服装分别下跌 4.55%和 3.17%，均跑赢沪深 300（-1.50%）。从估值上看，纺织制造/品牌服装环比分别-4.08%/-2.58%，达 46.40/27.03。从个股表现上看，华孚时尚、森马服饰、九牧王涨幅居前，浔兴股份、ST 赫美、ST 刚泰跌幅居前。

19Q1 营业收入 58.83 亿欧元，同增 6.1%，净利润 6.33 亿欧元，同比增长 16.5%。电商业务同增 40%，借力大中华区扭转电商销量下滑趋势。大中华区单季销售额同增 16%，为连续 20 个季度双位数增长。 

2019年4月限额以上服装鞋帽、针、纺织品零售额同比降1.1%，我们认为主要系19年“五一” 假期后臵，且入夏时间较晚。 

上周上证综指、深证成指、沪深 300 分别跌 1.02%、跌 2.48%、跌 1.50%，纺织服装板块跌 3.61%，其中纺织板块跌 3.23%、服装板块跌 3.86%。